Ukraine exported a record volume of over $3.8 billion worth of products in October 2024, which is 18.7% more than in September 2024, Ukrainian media have reported citing First Deputy Prime Minister and Economy Minister Yulia Sviridenko’s statement circulated by the ministry’s press service.
“Significant growth in exports in October was possible due to increasing deliveries of agricultural products. In particular, exports of agricultural products in October increased by 32.3% in value terms and by 33.8% in physical terms. This increased the physical volume of exports to 10.9 million tonnes, or 26.2% more than in September this year. Exports by sea in October increased by 28.2% in monetary terms and by 37.1% in physical terms,” Sviridenko said.
Tentative findings indicate that Ukraine has exported products worth nearly $34.6 since the start of 2024, she said.
“Considering the current export dynamics, we might anticipate cautiously that exports in monetary terms this year will exceed last year’s figures. I’ll recall that they reached the level of $36.2 billion in 2023. As for physical volumes, we already exported more in the first ten months of 2024 than over the entire last year. This is tentatively 110 million tonnes over the first ten months of this year against 100 million tonnes in 2023,” Sviridenko said.
Deputy Economy Minister and Ukrainian Trade Representative Taras Kachka said Ukraine’s leading export commodities in October included sunflower, safflower, and cotton oil ($447.2 million, or 481,300 tonnes), corn ($363.6 million, or 1.9 tonnes), wheat ($318.2 million, or 1.6 million tonnes), soybeans ($260 million, or 675,000 tonnes), rapeseeds ($239.2 million, or 476,300 tonnes), and iron ore and concentrates ($166.8 million, or 2.5 million tonnes).
The leading destinations for Ukrainian exports included Poland, Germany, Spain, Italy, and Turkey. On the whole, Ukraine’s exports to European Union countries in October amounted to $2.38 billion, or 15.8% more than in September.
Source Link